Bolívar firms as oil inches higher; deposits build
Oil output edged up to 916 kbd and export receipts improved, supported by ongoing Orinoco well reactivations. The bolívar strengthened on both official and parallel markets while monthly inflation cooled again; bank deposits in USD terms expanded. Activity signals remain constructive across power demand and air travel.
By the numbers
Oil Production
916 kbd
+1.2% m/m
Oil Export Revenue
USD 1,594m
+1.5% m/m
Official FX Rate
58.40 VES/USD
-1.1% m/m
Parallel FX Rate
72.10 VES/USD
-3.8% m/m
Consumer Prices (MoM)
4.29% m/m
-0.18 pp
Bank System Deposits
USD 11.81bn
+2.0% m/m
Companies & capital
Cashea
Raises USD 18m Series A extension.
Kaso
Launches SME treasury dashboard.
What to watch
Mid-Aug
Follow-through on Orinoco Belt reactivations and secondary-source output prints as production edges toward 1 mbd.
Aug
BCV intervention stance and official–parallel FX gap (58.4 vs 72.1) after recent bolívar firming.
Early Sep
Next CPI read to confirm whether the disinflation trend persists beyond August’s 4.29% m/m.
Aug–Sep
Execution of the new Caribbean agro-export contract and any lift to non-oil export values.
Worth your time
- Oil output edges toward 1 million barrels
Reuters
- Banks report healthier deposit base
Analítica
- Inflation momentum cools for third month
Observatorio Venezolano
- Fintech credit lines expand for merchants
Bloomberg Línea
- Maiquetía passenger traffic hits multi-year high
El Nacional
- Non-oil exporters find Caribbean demand
Effecto Cocuyo